Demand revival in real estate projects (post reduction in stamp duty by Maharashtra Government) and continuous initiatives to boost affordable housing are likely to be the key triggers for home buying. HFCs are likely to be the biggest beneficiaries and LIC Housing Finance will lead the non-banking home financers. Moreover, the company's 2QFY21 performance and management commentary acknowledge our conviction that the company is preparing for cautious and prudent growth keeping the asset quality intact. LICHF witnessed a demand revival with disbursement growing ~250% QoQ (2.2% YoY) with wholesale disbursement of 242% QoQ (80% YoY). Furthermore, the overall collection efficacy has improved to ~96% as on 2QFY21. The bank declared that ~3% of...